Report Description

Laboratory Informatics market is expected to witness impressive growth during the forecast period. This can be ascribed to the rising demand for laboratory automation to manage the vast data of clinical diagnosis across the globe. Moreover, the growing demand for biobanks or biorepositories for easy management of data  is expected to further boost the growth of the market during the forecast period. Similarly, growing research and development expenditures in the pharmaceutical and biotechnology industries are the major factors driving the growth of the market. Moreover, growing preference for personalized medicine, cancer genomics studies, and increasing patient engagement requirements is anticipated to upsurge the demand for the laboratory informatics market during the forecast period. Similarly, increasing usage of cloud-based software, mobile, and voice technology for keeping the data safely in research laboratories is expected to further enhance the demand for lab automation system.

Growing Demand for Laboratory Automation

Growing demand for laboratory automation in the emerging countries for effective solution for tracking the challenges such as shortage of laboratory professionals and methods to reduce the manual intervention in the lab process is further expected to boost the growth of the market during the forecast period. Moreover, advancement of routine lab procedures along with the help of devoted workstations and software to program instruments, growing improvement in the lab productivity enables the individual researchers to focus on important tasks, which is expected to drive the growth of the market during the forecast period. Similarly, exponential rise in the data being produced by lab systems has increased the demand for cloud-based storage and improved the productivity and efficiency of laboratory processes, which will further drive the laboratory informatics market during the forecast period. High quality data is produced via automation which will make for better documentation. Moreover, growing adoption of advance technology in medial devices ad telemedicine has enhanced the demand for laboratory automation over the years. For instance, in March 2021, LabVantage Solutions, Inc. announced the launch of LabVantage Analytics, an advanced analytics solution that lets users easily explore, analyse, and visualize LIMS, enterprise, and external data to gain business insights.

 


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Growing Prevalence of Chronic Diseases

The global prevalence of diabetes among adults over 18 years of age increased from 4.7% to 8.5% and an estimated 1.6 million deaths were directly caused by diabetes every year. Regular check-up and analysis of blood components and management of insulin can reduce diabetic conditions, diagnosis of such diseases is expected to drive the global market. Laboratory informatics is used for effective management of the flow of samples which helps in standardizing the workflows, tests and procedures. Growing adoption of technologically advanced software solutions and use of this system allows for better diagnosis and improve the regulatory compliance. In December 2019, Agilent Technologies teamed up with MGI Tech collaborated and was aimed at establishing cooperation in high throughput sequencing for providing a more efficient and reliable high throughput sequencing solution.

 

Market Segmentation

Global Laboratory Informatics market can be segmented on the basis of type of solution, component, development model, industry, and region. Based on the type of solution, the market can be segmented into laboratory information management system, electronic lab notebooks, chromatography data systems, electronic data capture and clinical data management systems, laboratory execution systems, enterprise content management system, scientific data management systems. Based on component, the market can be further divided into services v/s software. Based on the development model, the market can be differentiated into on premise model, cloud-based model, remotely hosted model. Based on industry, the market can be grouped into life science industry, chemical industry, food & beverage and agriculture industry, petrochemical refineries and oil &gas industry, environmental testing laboratories, and others. Regionally, North America dominated the market among Asia Pacific, Europe, Middle East & Africa, and South America. Among the different countries, the United States dominated the global Laboratory Informatics market on account of the growing adoption of laboratory informatics due to high literacy in the country.

 

Recent Development

  • In January 2020, Waters Corporation signed an agreement to acquire Andrew Alliance, an innovator in specialty laboratory automation technology. The acquisition would broaden the technology portfolio of the company.
  • In February 2022, Agilent Technologies, Inc. acquired advanced artificial intelligence (AI) technology developed by Virtual Control. With this acquisition, the company incorporated ACIES software into the industry's premier gas chromatography and mass spectrometry (GS/MS) platform, which boosted productivity, efficiency, and throughput in laboratories worldwide.

Market Players

Thermo Fisher Scientific Inc., LabWare, Inc., Core Informatics, LLC, Abbott Laboratories, Inc., LabVantage Solutions, Inc., LabLynx, Inc., PerkinElmer, Inc., Waters Corporation, Agilent Technologies, Inc., IDBS (Danaher Corporation) are some of the leading players operating in the Global Laboratory Informatics Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Type of Solution

By Component

By Development Model

By Industry

By Region

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Canada, Mexico, France, Germany, United Kingdom, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE

Key companies profiled

Thermo Fisher Scientific Inc., LabWare, Inc., Core Informatics, LLC, Abbott Laboratories, Inc., LabVantage Solutions, Inc., LabLynx, Inc., PerkinElmer, Inc., Waters Corporation, Agilent Technologies, Inc., IDBS (Danaher Corporation)

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global Laboratory Informatics market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Laboratory Informatics Market, By Type of Solution:

o   Laboratory information management system

o   Electronic lab notebooks

o   Chromatography data systems

o   Electronic data capture and clinical data management systems

o   Laboratory execution systems

o   Enterprise content management system

o   Scientific data management systems

·         Laboratory Informatics Market, By Component:

o   Services

o   Software

·         Laboratory Informatics Market, By Development Model:

o   On premise model

o   Cloud based model

o   Remotely hosted model

·         Laboratory Informatics Market, By Industry:

o   Life science industry

o   Chemical industry

o   Food & Beverage and agriculture industry

o   Petrochemical refineries and oil &gas industry

o   Environmental testing laboratories

o   Others

·         Laboratory Informatics Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  Germany

§  United Kingdom

§  Italy

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Laboratory Informatics Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Laboratory Informatics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Laboratory Informatics Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)

5.2.2.     By Component (Services v/s Software)

5.2.3.     By Development Model (On premise model, Cloud based model, Remotely hosted model)

5.2.4.     By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)

5.2.5.     By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.6.     By Company (2022)

5.3.  Market Map

5.3.1 By Type of Solution

5.3.2 By Component

5.3.3 By Development Model

5.3.4 By Industry

5.3.5 By Region

6.    North America Laboratory Informatics Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)

6.2.2.     By Component (Services v/s Software)

6.2.3.     By Development Model (On premise model, Cloud based model, Remotely hosted model)

6.2.4.     By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)

6.2.5.     By Country

6.3.  North America: Country Analysis

6.3.1.     United States Laboratory Informatics Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Type of Solution

6.3.1.2.2.             By Component

6.3.1.2.3.             By Development Model

6.3.1.2.4.             By Industry

6.3.1.2.5.             By Element

6.3.2.     Canada Laboratory Informatics Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Type of Solution

6.3.2.2.2.             By Component

6.3.2.2.3.             By Development Model

6.3.2.2.4.             By Industry

6.3.3.     Mexico Laboratory Informatics Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Type of Solution

6.3.3.2.2.             By Component

6.3.3.2.3.             By Development Model

6.3.3.2.4.             By Industry

7.    Europe Laboratory Informatics Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)

7.2.2.     By Component (Services v/s Software)

7.2.3.     By Development Model (On premise model, Cloud based model, Remotely hosted model)

7.2.4.     By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)

7.2.5.     By Country

7.3.  Europe: Country Analysis

7.3.1.     France Laboratory Informatics Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type of Solution

7.3.1.2.2.             By Component

7.3.1.2.3.             By Development Model

7.3.1.2.4.             By Industry

7.3.2.     Germany Laboratory Informatics Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type of Solution

7.3.2.2.2.             By Component

7.3.2.2.3.             By Development Model

7.3.2.2.4.             By Industry

7.3.3.     United Kingdom Laboratory Informatics Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type of Solution

7.3.3.2.2.             By Component

7.3.3.2.3.             By Development Model

7.3.3.2.4.             By Industry

7.3.4.     Italy Laboratory Informatics Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Type of Solution

7.3.4.2.2.             By Component

7.3.4.2.3.             By Development Model

7.3.4.2.4.             By Industry

7.3.5.     Spain Laboratory Informatics Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Type of Solution

7.3.5.2.2.             By Component

7.3.5.2.3.             By Development Model

7.3.5.2.4.             By Industry

8.    Asia-Pacific Laboratory Informatics Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)

8.2.2.     By Component (Services v/s Software)

8.2.3.     By Development Model (On premise model, Cloud based model, Remotely hosted model)

8.2.4.     By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)

8.2.5.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Laboratory Informatics Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type of Solution

8.3.1.2.2.             By Component

8.3.1.2.3.             By Development Model

8.3.1.2.4.             By Industry

8.3.2.     India Laboratory Informatics Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type of Solution

8.3.2.2.2.             By Component

8.3.2.2.3.             By Development Model

8.3.2.2.4.             By Industry

8.3.3.     Japan Laboratory Informatics Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type of Solution

8.3.3.2.2.             By Component

8.3.3.2.3.             By Development Model

8.3.3.2.4.             By Industry

8.3.4.     South Korea Laboratory Informatics Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type of Solution

8.3.4.2.2.             By Component

8.3.4.2.3.             By Development Model

8.3.4.2.4.             By Industry

8.3.5.     Australia Laboratory Informatics Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type of Solution

8.3.5.2.2.             By Component

8.3.5.2.3.             By Development Model

8.3.5.2.4.             By Industry

9.    South America Laboratory Informatics Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)

9.2.2.     By Component (Services v/s Software)

9.2.3.     By Development Model (On premise model, Cloud based model, Remotely hosted model)

9.2.4.     By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)

9.2.5.     By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Laboratory Informatics Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type of Solution

9.3.1.2.2.             By Component

9.3.1.2.3.             By Development Model

9.3.1.2.4.             By Industry

9.3.1.2.5.              

9.3.2.     Argentina Laboratory Informatics Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type of Solution

9.3.2.2.2.             By Component

9.3.2.2.3.             By Development Model

9.3.2.2.4.             By Industry

9.3.3.     Colombia Laboratory Informatics Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type of Solution

9.3.3.2.2.             By Component

9.3.3.2.3.             By Development Model

9.3.3.2.4.             By Industry

10.  Middle East and Africa Laboratory Informatics Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)

10.2.2.  By Component (Services v/s Software)

10.2.3.  By Development Model (On premise model, Cloud based model, Remotely hosted model)

10.2.4.  By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)

10.2.5.  By Country

10.3.              MEA: Country Analysis

10.3.1.  South Africa Laboratory Informatics Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type of Solution

10.3.1.2.2.           By Component

10.3.1.2.3.           By Development Model

10.3.1.2.4.           By Industry

10.3.2.  Saudi Arabia Laboratory Informatics Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type of Solution

10.3.2.2.2.           By Component

10.3.2.2.3.           By Development Model

10.3.2.2.4.           By Industry

10.3.3.  UAE Laboratory Informatics Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type of Solution

10.3.3.2.2.           By Component

10.3.3.2.3.           By Development Model

10.3.3.2.4.           By Industry

11.  Market Dynamics

11.1.              Drivers

11.1.1 Growing demand for lab automation activities

11.1.2 Growing adoption of lab informatics by biobanks

11.1.3 Growing introduction of technologically advanced software services

11.2.              Challenges

11.2.1 Lack of integration standards for laboratory informatics

11.2.2 Stringent Regulations

12.  Market Trends & Developments

12.1.              Recent Development

12.2.              Mergers & Acquisitions

12.3.              Product Launches

13.  Global Laboratory Informatics Market: SWOT Analysis

14.  Porter’s Five Forces Analysis

14.1.              Competition in the Industry

14.2.              Potential of New Entrants

14.3.              Power of Suppliers

14.4.              Power of Customers

14.5.              Threat of Substitute Products

15.  Competitive Landscape

15.1.              Business Overview

15.2.              Product Offerings

15.3.              Recent Developments

15.4.              Financials (As Reported)

15.5.              Key Personnel

15.5.1.  Thermo Fisher Scientific Inc.

15.5.2.  LabWare, Inc.

15.5.3.  Core Informatics, LLC

15.5.4.  Abbott Laboratories, Inc.

15.5.5.  LabVantage Solutions, Inc.

15.5.6.  LabLynx, Inc.

15.5.7.  PerkinElmer, Inc.

15.5.8.  Waters Corporation

15.5.9.  Agilent Technologies, Inc.

15.5.10.                IDBS (Danaher Corporation)

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

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The growing demand for reducing human error and increased efficiency of managing clinical data are some of the major factors driving the growth of the global Laboratory Informatics market.

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Thermo Fisher Scientific Inc., LabWare, Inc., Core Informatics, LLC, Abbott Laboratories, Inc., LabVantage Solutions, Inc., LabLynx, Inc., PerkinElmer, Inc., Waters Corporation, Agilent Technologies, Inc., IDBS (Danaher Corporation) are some of the leading players operating in the Global Laboratory Informatics Market.

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Laboratory information management systems are expected to dominate the global Laboratory Informatics market during the forecast period due to growing demand for cloud-based storage software for vast data saving.

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North American region is expected to hold the largest share in the Global Laboratory Informatics Market due to the availability of infrastructure with high digital literacy.

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Sakshi Bajaal

Business Consultant
Press Release

Laboratory Informatics Market to be Dominated by Laboratory Information Management System Through 2028

Feb, 2023

The growing automation in laboratories is expected to drive the growth of Global Laboratory Informatics market during the forecast period, 2024-2028.